Question: Malcolm McBeth is remodeling his kitchen and the proposal from Ace Corp is at a cost of $100,000. The salesperson promises annual savings as follow

Malcolm McBeth is remodeling his kitchen and the proposal from Ace Corp is at a cost of $100,000. The salesperson promises annual savings as follow and Malcolm has a cost of capital of 10 percent and a payback criterion of three years on all investment. What is the payback of this proposal from Ace?

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